QQQ vs RF: Correlation
How closely do Invesco QQQ Trust (QQQ) and Regions Financial Corporation (RF) trade together? Their weekly returns over three years give a correlation of 0.37, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and RF?
On 3 years of weekly data the QQQ/RF correlation comes out at 0.37, moderate. The past 12 months show a weaker link (0.13) than the 3-year average (0.37). The 5-year figure is 0.38, and annualized covariance runs at 213.9 %².
Within QQQ's tracked universe of 4755 assets, RF comes in at #865 by 3-year correlation. On 12-month performance QQQ holds a 10.9-point edge, +26.3% against +15.4%. This link changes with the market regime, having swung between 0.08 and 0.68 on a rolling one-year basis.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
QQQ vs RF: side by side
| QQQ (Invesco QQQ Trust) | RF (Regions Financial Corporation) | |
|---|---|---|
| 1-year return | +26.3% | +15.4% |
| 5-year return | +95.4% | +83.5% |
| Volatility (ann.) | 19.6% | 29.2% |
| Beta vs S&P 500 | 1.28 | 1.09 |
| Max drawdown (3Y) | -22.8% | -31.9% |
| Market cap | – | $25.9B |
| P/E (trailing) | – | 12.4 |
| Dividend yield | 0.44% | 3.45% |
| Expense ratio | 0.18% | – |
| Assets under management | $452.8B | – |
| Sector / category | ETF · US Growth & Tech | Financials |
On the fund side, QQQ sits in the Large Growth category at Invesco, with $452.8B under management, 104 holdings, a 0.18% expense ratio, a 0.44% trailing dividend yield.
Year-by-year returns
| Year | QQQ | RF |
|---|---|---|
| 2022 | -32.6% | +2.3% |
| 2023 | +54.9% | -5.7% |
| 2024 | +25.6% | +27.0% |
| 2025 | +20.8% | +20.2% |
| 2026 | +17.7% | +14.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and RF good diversifiers for each other?
A fair diversifier. At 0.37, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between QQQ and RF?
Using weekly returns as of 2026-08-27: 0.37 over 3 years, with 0.13 over the last year and 0.38 over 5 years.
Is RF a good diversifier for QQQ?
A fair diversifier. At 0.37, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.37 mean?
A reading of 0.37 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: QQQ correlations · RF correlations
